COS Financial Plan 2018 - 2022

FINANCE

FUTURE INITIATIVES, GOALS & OBJECTIVES

BUILT ENVIRONMENT & NEIGHBOURHOODS

 Continue to explore online payment capabilities to allow residents to pay for regular billings; and

 Encourage vendors to submit invoices and make bid submissions via email in order to minimize paper usage.

ECONOMIC PROSPERITY & LIVELIHOODS

 Implement Online Payments for Accounts Receivable invoices;  Prepare and post a Request for Proposal (RFP) for Banking Services;  Perform research and stakeholder engagement to prepare for a credit and debit card payment processing Request for Proposal;  Continue to promote auto debit as a payment method for metered utility clients and explore other electronic payment options;  Continue to reduce departmental energy consumption and waste;  Continue to promote financial E- Services such as e-billing, invoice submission and electronic fund transfers;  Encourage staff to make a sustainable process improvement each year;  Implement a paperless claim system;  Implement an electronic content management system;  Streamline and eliminate manual forms; ECOSYSTEMS

 Maximize return on investment portfolio while adhering to all governing policies and legislation;  Broaden operating revenue sources to provide for growth–related needs; and  Assist other departments in obtaining government grants.

 Continue to reduce the number of hardcopies printed for various financial documents, including the Annual Financial Plan and Financial Statements;  Include an appropriate sustainability criteria into our solicitations to facilitate and promote corporate sustainability with our external stakeholders;  Continue to educate staff about environmental issues; and  Continue to encourage vendors to submit invoices and make bid submissions electronically in order to minimize paper usage.

the future lives here.

2018-2022 Financial Plan

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